Silver Dragon Resources, Inc. (SDRG.OB) is focused on exploring, acquiring, developing and operating silver mines in proven silver districts on a global basis. The company plans to acquire assets that contain promising exploration targets that have highly-leveraged, out-of-the-money silver deposits, and/or producing properties with untapped exploration potential.
The Company’s CEO, Marc M. Hazout, has over 10 years of experience in public markets, finance and business operations. Mr. Hazout has been involved in acquiring, restructuring and providing management services, as a Director and an Officer, to several publicly traded companies. In 1998, he founded and has been President and CEO of Travellers International Inc., a private investment banking firm that has been involved in a multitude of successful capital market transactions.
Silver prices have been rising for several reasons. The most prominent cause could be that the available supply of silver is reaching lower levels. Bullion inventories have declined from an estimated 2.2 billion ounces to 300 million ounces in the past 15 years.
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